Allianz said on Wednesday that it was ending its relationship with Wirecard Bank and removing from the market a mobile payment app that the two companies had developed.
The move is further fallout in corporate Germany amid an accounting scandal involving the German payments company Wirecard.
The app “Allianz Pay & Protect” allowed payments on Apple and Android devices to have insurance protection.
A spokeswoman declined to say how many customers it had but said it would be useable until the end of August.
(Reporting by Alexander Huebner; writing Tom Sims; editing by Thomas Seythal)
Related:
- SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator
- ‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion
- Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion
Copyright 2025 Reuters. Click for restrictions.
Topics Allianz
Was this article valuable?
Here are more articles you may enjoy.
Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive 
Dog Bite Claims Soar in Frequency and Cost: Report 
Progressive Insurance Is Hiring Again; 12,000 More People Needed 
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes 
